Assuming a conference even exists. One could make an argument (a very credible one) that if Texas left there is no valuable TV contract. At least not one worth 20M/yr to each member. If that is the case then essentially Fox does own the GOR because they can sue Texas via the Big 12. or directly if Big 12 isn't legally viable.

It's a mess. But it could be that Texas is more tied to the GOR than Baylor is since they create damages by leaving, Baylor doesn't.. You can only sue someone for actual damages, not perceived (or even written) damages. If Texas agrees to a 1B clause on the GOR but it's proven they only did $1M in damages, the courts will only award the 1M as actual damages regardless of what a contract said.

No one would sue Texas.

ESPN or Fox would simply show up at their stadium, televise their game, and send the money to the Big 12 to split. If UT is not in the Big 12, they get no split.

I think you do not understand the GOR on a fundamental level. Big 12 schools do not own the right to televise their own games. The conference does, and if they are not a member, they wont get a cut of the money gained from their games. The school would have to sue the conference to get their rights back, and that lawsuit would fail miserably, because there is not a country on the face of the earth that protects property rights more strongly than the USA.

Thats why there is no getting out of the GOR, unless the conference for some bizarre reason lets them out, or unless there are enough votes to dissolve the conference.

__________________ how many emo kids does it take to change a lightbulb? HOW MANY?! none they just sit in the dark and cry